Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Alloya Corporate CEO Bill Walby Resigns, Effective Sept. 15
WARRENVILLE, Ill. (8/27/13)--Alloya Corporate FCU announced Monday that Bill Walby will resign as Alloya's CEO for personal reasons. His resignation will be effective Sept. 15.
 
"This was a difficult decision for me. The merger of Alloya and CenCorp operations is proceeding well, and we are beginning to see some of the anticipated benefits," said Walby. "Unfortunately, I also have some personal responsibilities that are difficult to address along with my responsibilities as Alloya CEO," he added.

Walby was CEO at Southfield, Mich.-based CenCorp before the merger process began (News Now March 14).
 
"Alloya's Board has regretfully accepted Bill's resignation," said Amy Sink, chair of Alloya's Board. "
 
She noted that the corporate's second quarter financials, released last week, "demonstrate that Alloya is on a sound footing. System and organizational integrations are on track, starting with the successful conversion of Michigan members to Premier View (Alloya's secure internet portal) on July 1. We understand Bill's decision, and wish him continued success."
 
The corporate's board has begun a search for a new CEO. "We are seeking a CEO to build upon the strong financial base and business model in place today. Alloya is capitalized and supported by approximately 20% of credit unions nationally," Sink said.
 
Todd Adams, Alloya senior vice president and president of Balance Sheet Solutions LLC, was named interim CEO, effective upon Walby's departure.
RSS print
News Now LiveWire
July 's Fed Bank's "FedFocus" has some interesting articles: incl cost/benefits of $1 currency 2 coin conversion ttp://tinyurl.com/nybmnhh
1 Day ago
Do you wish you were a News Now subscriber? Go here: http://t.co/7evfBSjeMx
1 Day ago
Financial education for student body key part of Altura #creditunion, UC-Riverside partnership #NewsNow http://t.co/Xp6OJd66o6
5 minutes ago
.@VTcreditunions gains 200 new FB followers in just 2 wks to reach 1,000 http://t.co/I89xJcv4Jg
35 minutes ago
.@CUNA is testifying on reg relief Tues,July 15 at 2 p.m. be4 Hs Fin Serv Subc. Here is the agenda and witness list: http://t.co/yBRhlmdqHt
3 hours ago